In this case, both husband and wife had built up substantial personal debt such as credit cards, personal loans and so forth, along with an existing mortgage that had been held with a major bank for some time. They came to us because they’d been unable to find a broker who could refinance their loan to a cheaper interest rate, to reduce their commitments. After a few meetings and phone discussions, we found the perfect broker from our trusted network, who was able to work through the clients’ goals of placing them into a better financial position.
After some analysis, that broker provided some options to the couple in which they could refinance their home loan to a much cheaper rate and consolidate three-fold personal debts. The loan was approved within 2 weeks and the customers were able to reduce their commitments by some $750 per month! Our customers were incredibly happy with the process and have recently touched base with that broker to discuss some new plans.